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- Election 2026 : Here are the local ballot measures South Bay voters will be deciding on
Several South Bay cities and school districts have measures on the Nov. 3 general election ballot covering school facilities, public safety services and local taxes. Bellflower Unified School District's Measure SM would authorize a $135 million general obligation bond for school upgrades, needing 55% support and costing property owners an estimated $49 per $100,000 of assessed value. Carson's Measure CU would amend the city charter, including campaign-contribution disclosure and term limits, without imposing or increasing any tax, and needs a simple majority. El Segundo's Measure CT would exempt charitable nonprofits from the business license tax and restore about $700,000 in annual general fund revenue, while non-charitable nonprofits would pay the applicable tax instead of the $150 rate. Hawaiian Gardens' Measure BL would update and simplify the city's business license tax, whose structure was last updated in 1993.
- Many of 2026’s hottest stocks have seen dramatic comedowns this week
- Offaly takes part in biggest strike in many years
On Wednesday, public sector workers in Offaly joined what has been described as the largest mobilisation of public sector workers in a generation, with unions including FÓRSA, SIPTU, Unite, INMO and ASTI holding picket lines across the country. Workers in hospitals, ambulance services, schools, universities, fire services and state agencies are seeking a new pay deal to address inflation and the rising cost of living, after the previous public sector pay agreement expired on June 30. A second day of strike action is scheduled for Wednesday, October 21, unless the dispute is resolved first. Union members say the government has not entered meaningful talks, while Taoiseach Micheál Martin said both sides should negotiate and that the government has provided substantial funding for a national pay framework.
- The Stock Market Has Seen This Happen Only 2 Other Times in Over 150 Years , and History Has an Ominous Warning for Investors
The S&P 500 is entering the fifth year of a bull market that began in October 2022 and has risen nearly 120%, driven by the AI boom, though breadth is narrow: over a quarter of its stocks are down 40% or more from their highs and nearly 60% trade below their 200-day moving average. The CAPE ratio sits above 40, its second-highest level ever; the only other times it exceeded 32 were before the 1929 crash (32.6) and at the dot-com peak (44.2), and both were followed by major corrections. Investors Michael Burry and Ray Dalio have warned that the AI bubble could burst. The author argues that selling to wait out a correction is usually a poor move, since 76% of the market's best days occurred in bear markets or the first two months of bull markets, and missing the 10 best days over 30 years could halve returns. He favors steady dollar-cost averaging into an index ETF such as VOO instead.
- The Stock Market Has Seen This Happen Only 2 Other Times in Over 150 Years, and History Has an Ominous Warning for Investors
The bull market is entering its fifth year, with the S&P 500 up nearly 120% over four years on the AI boom, but gains are narrow and over a quarter of index stocks are down 40% or more from their highs. Investors Michael Burry and Ray Dalio warn of an AI bubble, and the CAPE ratio above 40 is its second-highest level ever; the only earlier readings above 32, in 1929 and during the dot-com bubble, were followed by major corrections. The article argues that selling to wait is usually a mistake, citing Hartford Funds data that 76% of the best market days occur in bear markets or the first two months of bull markets, and Peter Lynch's view that staying invested matters more than timing. Lynch's example: investing $2,000 every year in the S&P 500 from 1965 to 1995 returned 11% annually, versus 10.6% when buying at each year's peak. It recommends steady dollar-cost averaging into an index ETF such as the Vanguard S&P 500 ETF (VOO) rather than trying to time a crash.
- Democrats have made corruption a key midterm issue . Polls show voters agree .
Democratic Senate hopeful James Talarico and Sen. Jon Ossoff of Georgia are both framing corruption as the root cause of affordability problems. A Gallup poll released last month found 89% of Americans believe government corruption is widespread, up 10 points from a year ago and 30 points from 2006. A Fox News poll ranked corruption above inflation and gas prices as voters' top concern, with six in 10 respondents extremely concerned. AP, Economist/YouGov and Reuters polls found majorities believe Trump profits unethically from the presidency or that his private business interests influence his decisions. The article argues that corruption and affordability are directly linked, and that voters want accountability and reform.
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- JPMorgan Backs Two Defense Startups With $5 Billion
JPMorgan has already committed half of its $10 billion investment pool to hypersonic-missile maker Castelion and defense manufacturer Hadrian. The bet reflects America's push to rebuild its defense industrial base.
- X-Energy, Amazon, AEP Partner To Evaluate Feasibility Of 960 MW Nuclear Project In Indiana – A Look At The Key Highlights
X-energy and American Electric Power (AEP) announced a joint development agreement to evaluate the feasibility of a proposed 960-megawatt small modular reactor project in Indiana, with Amazon supporting development through a milestone-based funding agreement. The plant would feature 12 Xe-100 units near the former Breed Generating Station in Sullivan County, redeveloping an AEP-owned brownfield site. It is the second commercial project under the X-energy and Amazon collaboration, which aims to bring more than 5 gigawatts of new nuclear capacity to the U.S. grid by 2039. At the time of writing, XE was up 2%, AMZN gained 3.75%, and AEP fell 1.13%.
- Waymo Will Be “a Trillion Dollar Business. Easy” per VC Investor
Bessemer Venture Partners' Sameer Dholakia says Waymo could become a trillion-dollar business by expanding from ride-hailing into personal car ownership, trucking and logistics. The article notes Bessemer invested in Waymo's $16 billion February round, which valued the company at $126 billion. Waymo reached 500,000 paid rides a week in March, but Sacra estimates its annualized revenue at only $355 million in February, under 0.1% of Alphabet's $403 billion in 2025 revenue. Alphabet trades at 25.0x forward earnings, within its usual range, while Uber trades at 18.2x, a level analyst Walter Piecyk links to the threat from Waymo and Tesla's Robotaxi.
- Jensen Huang Declares NVIDIA Can Win “in the Absence of Any AI Labs”
NVIDIA CEO Jensen Huang said on the BG2 podcast that about a third of the business, classical computing unrelated to AI labs, is growing 30% to 40% a year, while frontier labs account for roughly 25% to 30% of compute. In the three months to July 26, 2026, revenue rose 106% to $96.2 billion, with AI clouds, industrial and enterprise revenue up 138%. Steve Eisman cited a 10-Q line showing 70% of NVIDIA's accounts receivable comes from five customers, though the article notes receivables are not the same as revenue share. NVIDIA trades at 17.7x forward earnings, near its three-year low of 17.5x and well below its 30.3x average.
- AWS Margin Expansion and Retail Execution Power Amazon (AMZN) in Q3
Wedgewood Partners reported that its Wedgewood Composite returned 2.5% net in the third quarter of 2026, compared with 2.3% for the S&P 500 and 0.9% for the Russell 1000 Growth. In its investor letter, the firm named Amazon a leading contributor, citing AWS revenue growth accelerating to 37% from 17% a year earlier and a 63% rise in the segment's operating income. AWS backlog of around $500 billion is more than double last year's level and up 37% from 90 days earlier, and Wedgewood said this demand supports a plan to double AWS capacity from circa 2025 levels by 2027. Advertising grew 26% and generated over $75 billion in revenue over the past 12 months. As of October 16, 2026, Amazon closed at $250.00, with a market capitalization of $2.7 trillion and a 21.22% gain over the past year.
- Bitcoin is rejected at $83K as US bond yields reverse higher with equities
Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.
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